Mortgage or Lease?
The real-estate market is still on fire, but believe it or not, there are still places where buying a starter home is more affordable than renting, according to a new report by Realtor.com. The average monthly cost of a starter home in January 2022 was $1,867, while the average monthly cost of a similarly sized rental was $1,789. But in 26 of the nation's 50 biggest markets, it was an average of $323 cheaper a month to buy, not rent. Here are the top 10 cities where buying, not renting, can save you the most, plus the cities where renting is still a no-brainer.